Cloud Stocks Ready to Bolt Upwards in 2017

Microsoft, Adobe, Salesforce.com, Veeva, Ellie Mae, Twilio and HUB24 have the best risk/reward in the sector.

Pacific Crest Securities

After a 10.8% selloff across our coverage list in the fourth quarter, with six stocks declining by more than 20%, we enter 2017 with several high-quality cloud franchises that have compelling growth prospects yet are valued at favorable entry points.

With public cloud spending poised to triple to $205 billion by 2020,...